Below you will find the statistics showing real estate market conditions for Single Family Homes sold for $1 million to $5 million in Broward County, Florida during the month of December 2022.
Nothing unexpected this month as we continue the soft market combined with the slow part of the season. We still expect the market to begin moving in a more positive direction as we enter the next selling season.
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Median Sale Price
The median sale price had a nice little jump of 4.5% for December over last year.
Closed sales in December were 36.9% lower than they were last December. This is expected in this softening market.
New listings again were 21.6% higher than last year. However, month over month was saw a 24.1% drop.
Median Days on Market
The median days on market continues it’s upward momentum increasing just over 80% from last year.